Alliance Wealth Advisors LLC UT Sells 1,933 Shares of SAP SE $SAP

Key Points

• Alliance Wealth Advisors LLC UT reduced its stake in SAP SE by 38.6% to a total of 3,069 shares valued at $824,000 in the first quarter.
• Deutsche Bank AG significantly increased its holdings in SAP by 41.3%, now owning 4,773 shares worth approximately $1,175,000.
• SAP reported a quarterly earnings of $1.70 EPS, exceeding analysts' expectations, with revenues at $10.58 billion, reflecting an 8.9% year-over-year increase.

Alliance Wealth Advisors LLC UT decreased its position in SAP SE (NYSE:SAP - Free Report) by 38.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,069 shares of the software maker's stock after selling 1,933 shares during the quarter. Alliance Wealth Advisors LLC UT's holdings in SAP were worth $824,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SAP. GAMMA Investing LLC grew its position in shares of SAP by 31,239.5% in the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock valued at $350,644,000 after purchasing an additional 1,302,061 shares during the last quarter. Northern Trust Corp grew its position in shares of SAP by 91.2% in the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after purchasing an additional 701,880 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of SAP by 6,165.7% in the fourth quarter. BNP Paribas Financial Markets now owns 357,460 shares of the software maker's stock valued at $88,010,000 after purchasing an additional 351,755 shares during the last quarter. Barclays PLC grew its position in shares of SAP by 101.5% in the fourth quarter. Barclays PLC now owns 3,356 shares of the software maker's stock valued at $826,000 after purchasing an additional 230,171 shares during the last quarter. Finally, Main Street Research LLC acquired a new position in shares of SAP in the first quarter valued at approximately $32,151,000.

Wall Street Analysts Forecast Growth

SAP has been the topic of several research reports. Piper Sandler initiated coverage on SAP in a research report on Tuesday, June 17th. They issued an "overweight" rating on the stock. Wall Street Zen cut SAP from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Morgan Stanley reiterated an "overweight" rating on shares of SAP in a research note on Tuesday, August 5th. Wells Fargo & Company started coverage on SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating for the company. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $281.67.

SAP Price Performance

NYSE SAP traded down $1.8190 on Wednesday, hitting $272.4110. 1,041,432 shares of the company's stock were exchanged, compared to its average volume of 1,359,866. The stock has a 50-day moving average of $294.01 and a 200-day moving average of $285.14. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 52 week low of $210.38 and a 52 week high of $313.28. The stock has a market cap of $334.66 billion, a price-to-earnings ratio of 45.12, a P/E/G ratio of 3.98 and a beta of 1.27.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm had revenue of $10.58 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the prior year, the company earned $1.10 earnings per share. The company's quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that SAP SE will post 6.55 earnings per share for the current year.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.